Charity regi5tratioTh number 1128924 (England and Wales) Company registratlon number 06056945 LLANHILLETH MINERS INSTITUTE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 *AEE81rt4R•
W1012025 COMPANIES HOUSE A16 73
LLANHILLETH MINERS INSTITUTE LIMITED CONTENTS Pagt Trustees. report Independent examinefs report 11 Slalemenl of financ1 activibes 12 Balance sheet 13 Statement of fh)ws 14 Notes lo the financial statements 15-32
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 The trustees present their nUal report and finanryol $lalements for Ihe year ended 31 January 2025. The financial statements have been prepared in a¢cordanee the accounting policies sel out in note 1 to the finanoal statements and cOmY with the ¢haW$ goveming ment. the Companies Act 2006 and "Accounting arKI Reporting by chare$.. Stement of Recommended Practice applicable lo chaTilies preparing their accounts in aCrdanCe wlh the Finalar Repjrfing Standard applible in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019)" Objectlves and actlvllles Mission Statement The vibrant heart of the community. seeking lo meet the changing need$ of the people it sep4e$, and reflect the vision of miners vtho built Aims & Oty'e¢tNes Providing a rarwje of educational, cultura al rec¥eational opportunth.es to promote health and wellbeing. Slrenglhening the ties to provide a focus beknn our cOmmrtieS of Aberbeeg, Brynithel, Llanhillelh and Swfftyd in a faality that is accesSie, indusNe and has relevance lo all. Acting as a resource %there information can be accessed and vthere rw skiNs can be leamt, enabling personal and professional development. Oeveloping a finanualty viable enterprise for the benefft of. and supported by the commurity, and which contributes to Ihe economic and s901 regeneration of Ihe area. The viston, mission and obJ"ectives that shape our orgaThsation in its annual actNities are f¢xused ¢Jn the provision of faulities for the edLThtion, ¢uAural and atIOnal needs of the public as slated above. In shaping our activities for this coming year. the Trustees have considered the Charity Commission's guidance on public benefit and fee charging. Llanhillelh Miners Insblute relies on income from das$es and publidprivale usage as well as social activities with the Ve1 of fees tharges set to cover Ihe operatry costs. together wrth the maintenance of a ¢onlingency reserye. Public benefrt is demonstrated by every actwty that lakes place in line wrth our mission slalement and objeetives, we give careful consideration lo any org8nisation wshing to use the fa¢ilities. therefo charities and local organisations are given ¢onCeSOnary rntes. IA alw ¢¢yler peop on incomes WArt planning activities and service piovision. The trustees have paid due regard to guidan issuèd by the Ch Ci>mmission in deadir¥J 81 ath"vilies the chanty should undertake. Achievem•nts and performanc• The following loycs provide a summary of activilies whith outlines th8 perforrnance for 2024r25, but which also sets the scene for our plans for this coming finarrial year. Fundlng anfl Income Generatlon During 2024125 the followng granls were received." The WCVA pr(NKled £10.408 as the first part of a 2-year yCArth volunteering project. Abertillery and Llanhilleth Cornmunty Counul provided £1.937 for repairs lo U)e Institute historic clock. CADW contributed £20.050 arHI 8GC8C £20.000 towards reme¢Jial work lo the Institute Infrastructure. UK Shared Prosperity Fund PeoF4e & Skills provided £188,156 for a conlinuation of the 'HNe' project. UK Shared Prosperity FurKI Multiply provide(1 £151,704 for an adult numera¢y project. UK Share Prosperty Fund ComMune5 & Place provided £120.955 to subsidise local activitses, and infrastructure.
LLANHILLETH MINERS INSTITUTE LIMITED
TRUSTEES, REPORT (CONTINUED)IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2025
The Nalional Lottery Brighter Futures provided £120.793 as pat of a >year Proje to support our Chvb
Llan Child Devdopment programme.
The National Lottery Awards All prow¢led £14.000 to support our Ch'ldren's holiday activrties
programme.
Building Communibes Trust. through their Community Anchor Development Prcgramme. provided
£57,500, as part of a 4-year fundirKJ award, to support our drr¥e lo suslainabilty.
Gavo Cash 4U provided £3.334 to fund a programme of commlty events managed ty our youn9
volunteers.
BGCBC Wam Hub Inrtiati¥e £2.000 to free food to loc81 peop at breakfast time and in the
aftemoons in a wwm, safe space.
During the year, contritiutions to general Core costs were received Irn..
Tudt Trust provided £33,000 as thè final trand oftheir bntrrunning support
Henry Smith Foundalim £50.004 for general overheads. as part of a 3 year fun¢ling programme
The Board is most gratefijl to our generous sponsors vthose funding has rK)t just carried us forward in difficult
time5 but has allowed our Community Ergagement actNilies to expand and IIouri5h.
Exl$tlng Programmes
Educatlonal Pro9ramme$
The Institute recognises the importanee of education and life leaming skills as key priorities and continued to
develop partnerships wlh relevant organisations, such as GAVO and Adult Leaming Wales to respond to the
needs of our community. We have a growng need for parenb"ng. healthy eating and Teadability classes
throughout Blaenau Gwent,. accordingly. we a prowding. wlh the assistsnce of these or9antsalions and our
fundefs, many OppOrtrtS for indNiduals and farr4lies in need of suppo
Our Volunteews
Volunteefs play a malty part in the success of 8¢1i¥its"es and evenl$ wthin the Inslitute. have a volunteer
slratggy which encompasses the training and development of the indNi¢Jual. re9ul¥ reviews and training
opporlunities being hi9hlighted.
In nomial times, we have around 35 active volunteers. ar others who support from time to lime. Volunteers
range from members of the Board (dealing th govemance. strategic and business issues). Luncheon Club
support, and helping OLrt with the general day to day fvncbons of the Instrtute. such as Special Events. Weddings
and Farnily Events as well as a range ol community a¢ti¥itie$. We have abo introduced a f¢)mial Volunteering
programme as part of our VVA and 'Hive' pfojects.
Chlld and Youth Development Cenlre- Clwb Uan
Funded originally by Children in Need now by The National Lottery Brighter Futures, the project was
designed lo make a differere to the lives of young peopje in the follwng ways"
Enhanced Self Belief
Less So¢ialty Isolated
. Greater A¥Mrabon
In the last 2 years. we have had the following progress against TNL outcome$'.
Local children aged O-16 their IllIeS wil have improved health and wellbeing.. 310
Local children aged 6-16 years will have better etjucabonal engagement and prospects through
a¢¢essing extra
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 We consLdl wth the community, noting comments and tthng on ideas brought foThvard. In a recent survey, the feedback regarding Clwb Uan was very ptIve.. "Clwb Uan prnYs very valuable support lo Cbmdn acmss Éhe age ranges during tenn INne and school 1K)IaYS, always mindfvl of indwidual needs and InteSt$. ActM"1$ always nurturn the 'whole chd development,." Kid$ Summer A¢tfviti•s The fvnding received enabled Uan. OLY Children's Club. to run a &week summer ath'vrties programme covering drama, sport. saence. art and craft. C{kery. anema nights. with some activrtbes involving parents and children. Hollday Actfvltle8 We have continued to ¢yganise a programme of school holiday ath"wb"es for l¢xal children including film clubs, craft clubs. street games, half lemi parties, and we Continue to offer free l()d to childien al breakfasl and lunch limes. Food Olstrfbution Centre Durin9 the pandemic we sel up a 'Food Pantry.. distributing free food lo individuals and families locally. We piloted and implemented a new programme-'Cook Fresh. wheo we have provided 50 familie$ and indiwduals a week with a healihy meal for 4-6 people wete with cooknng in$truclions for a conlnbution of £3. 'The Hlv•' Project Following on from our very successful 'Hive' pilot prcgramme. where the main elements of the project were the Comrnunity Fs)od Hub, Readabilty (Adult Lileracyl and Volunteering, the 'Hl¥e Connect. Project - UK Shared Prosperity Fund IVKSPFI People & Skills. administered via BGCBC. has funded the 'Hwe' proje¢t since June 2023. The concept was that these projects and. irKleed. our cb Llan project, should not be viewed in isolation bul that participants could be cross•referred behveen one part of the Programme and another. Thu5, for example someone who was a volunteer could be referred into our Readability programme anL1 vice versa. For individL4als who engage in la110 se5sions', we ¢arefully and confidentially recortl individuals. progress throughout the process by means of Individual Development Plans. requi evaluations from participants on all courses and programmes. Relerrals continue to be made from partner5 including Prime Cymru, Communrtie$ for IAfiJrk. Job Centre Plu5. Referrals out were made to BGCBC Adult soc1 SeThirs. School of Hard Krck5. Prime Cymry, Adult Community Learning. BGCBC Library Service. Totsl partiupants engaged on the 'HI Connecf programme betrween June 2023 and March 2025- 408 of which 75% were sooally excluded. Many pa"¢1panIS completed more tl)an one course. 318 indiwdual adult participants took part in the Food Hub programmes. All of our food projects are ab(rt leaming htsw to cook from Scratch wrth fresh. healthy and l¢)wer cost ingredients. In additKJn to.3th cookery. seon$ we ran the fO1"rj Sp11$1 sessions". 'Cook Fresh, as explaird at4)¥e- 58 participants 'Slow Cooker Club, _ 144 p3rtlpants- proVed 4Mth a Slow Cooker and laught how to use It. Provided wlh ingredients and cooking inslrudions for a family meal for 44 people eath week for 6 weeks. 'Family Cookery, _ 35 adulis participaling. 40 childn. know that wtsn we lexh families to ccok, they stay cooking together. 'Fill your Freezer'_ adult cooking- batch c¢)oknng- 41 partiupants Readability- adult irteracy- 63 partiopanls Volunteering - 68 adive vcAunteers wth 53 activety taking part in work experience Prc9rmes.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 UKSPF Muttlply This project commenced on a pilot basis in November 2023. Entitled 'Numbercrunch', it uses cooking to develop participants fijnctional numeracy. This was a very difficutt programme to deliver. In the middle stages of the PTOgramme, we sfanted our Cook Fresh programme lowa¥ds numeracy, aTrJ budgeting as well as subsidised food and cojking. with 70 people participating. Participants overall to end March 2025, 298- wilh 147 refeffed from partner cKgani$ations. 65 numeraw coufses delivered wlh 22 dtherent cohorts. 80% of participants gained new lrfe skills, 30% gained new numeracy skills. and 28% improved their budgeting skims. UKSPF Communltles & Pl•¢e The Communits'es and Place fvnding over 18 months ¢0 31 Marth 2025 enabled our 'Llanscape' project lo b& 81ivered'. Upwading aspeds of the Heritage Buik"ThJ operation". Cafe eing area refft. install8b.on of air ccliditioning main kitdwn. Caet replacement, instsllabon of LED and low voltage Ihling Increased affordabihty of evènts held at the institirte for the hxal communty Creation of a communrty knfalled garden.. Marketing support. CRM sel up. and giwng. Community consultation. Thg UKSPF projgcts were all completed by end IAarch 2025 In Ilne wlth funding requlr•ments Funders Vve are enormously gralefvl lo all our funder5 both this year as well as in pleOS years and believe that current and anlicipaled fundin9 allow us 10 5uwwve as an organisation and conb.nue the very important work we are engaged in. Intemal Partners Aneurin Bevan coMeX ca staff loi Blaenau Gwenl and the neightjouring ties. now housed wf(hin the fomer lloct.$ surgery suite of offi¢e$ and Nn a 24n care operation from there. Head4Arts are also based at the Institute providirvj ccvnmunty services and access to devewnent and employment opportunities. Gwent Pdice are also prominent and provide us wrth advtt arKI widance. Commvnlty Partners The list below is non-exhaustive but 5eNes to show iMpant uanhi1th Inststute has become. a touchstone betsveen the wde variety of organisations that need to engage wth peoFle (particularly in relatKJn to tackling various issues of soual ¢Jeprivalionl and the local peoF4e that, in tum, depend on acces&ng such support. 11 is also key to providing these organisab'ons with ¥rtal opwrturits kn sharing informatitin. communicating communty events and partnershiplcollawative workir¥J.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES, REPORT ICONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JANUARY2025 Examples of some of our partsier organisabms affiliates Indje the foltyving.. Abertillery and Llanhilleth Communty Councils.. AduA Learning Véales, Age Cymru.. Ajun Davies MS. Aneurin Bevan Health Board- AB Leisure Trust., AB Leisure Sports Development.. Blaenau Gwenl County Borough Council.. BG County Councilkys, BG Domestsc Abuse {Phoenix Project).. BG HOUng.. 8G Social Services Ichildien and vulnerafAe adumsl", 8G Communrty Hub. BG Food Par1nership", 8G Library Service," BGfM," Breaking Barriers.. Bridges Into Wofk.. Business In Focus." C4W." CADW," Caerphilty County Borough Coun¢il', Careers Wales,. Citizens Advice Bureau". Coalfields Regenerabon Trust". Communty Connectors.. OBS,. Discretionary Advice Fund., DVVP Supporting People Nelwork.. E¢Explore Development,. Fareshare Cymru.. Footie Families (children's provision)", Game On,. GAVO.. Grwng Spaces. Gwent Drug and Alcohol Service., Gwent Partnership Board., Families First", F'ng Start; Ffin Dance," Hafal (mental heallhl". Head 4 Arts." Heritage Society., Heritage and Tourism Wales", HospKe of the Valleys." Illegal Money Lerlfig Unil." Job Centre Plus; Local emergencyladvisory service$ such as Gwenl Police. South leS Fire and Res¢ue. South Wale$ Ambulance Servi¢e', Army Cadets.. St John Ambulance., Llanhilleth Tenants and Reshlents Association, Menter laith., Molin Homes., Mind,. NCT {Bumps and Bats"e51', Nick Smfth MP,. Off the Slreets. POBL., Public Healih Wales." School Of Hard KrCk5., Shelter Cymru-, Sight Cymru., Six Bells Craft Club Peoples Health Tru$l-. SA.Ilttyds Primary School, Soffryd Primary S¢hool,' TAFY. Tai Cah)n Communty Housbng," Twssell Trust IBG Food Bankl.. United Welsh Social Housing", University of South Wales., Vigon 21. Volunteering Matters." Volunteering Wales.. WCVA,. lsh Govemment., Wales Co- operative Centre.. Young Carers. Lon Miners Chapel Communlty Events Various ¢ommunity events are held annualty to help to build and provide )cial cthesion within the local communty. Examples of these events indude." the annual Remembrance Service. Halloween Fancy Dress Paty, Christmas Fayre. Macmillan Coffee M¢Jmings, the Summer Ath"vty Programme for children the Christmas Pantomime. On9n9 a¢livities •)dude'. Community Hub As part of their programme to move ath"wtses arKI ath.ce doser to local people. Blaenau Gwenl County Borough Couneil have set up a Communrty Hub in the Inslrtute *Athere they are availat4e to meet local residents on one day per month. Job Centr• The Job Centre hold a surgery on eath Mond8y at the Instrtute for bcal re$ents on a one to cfie basis. CAHMHS The Children and AdeSCen¢ Mental Health Service hold sessions in tem tim& approx 35 per year. They use our Clwb Llan area for group work for secondary age ¢hildren eopiThJ wth mental health issues Uniquely. we are able to Provide parents of the Childn a wam space to meet and that_ C4W Communities for Work use the instilute weekly to meet indNiduaL8 to supwl the employabilty. Monthty Lunch Club Lunch Club proves lo be very popular and eonsislenty attracts around 70 people each month. The Lunch Club conkn.nues to host a Ftipup ehanty shop for the 'Hospice of the Valleys. on a monthty basis. generating income of Ipproxim8lely £1.500 per annum. Community Groups at the In$litule The weekly Knit and Natter group became constrtLrted in January 2018 and goes from strength to strength. They have continued lo support national and local charth.es by creating. selling and donating knitted rtems. including poppies, the income from which 15 donated to the Bntish Legion. The group ncrw has a monthly tabbe Luncheon Club and have joined us at Communty events such as St Iutyds ChFiStmas Far to taise fur#ts.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES, REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 Other groups al the Insliltrte continue to flourish e.g. Hefitage Sixiety. Tea Dance. Frtness CLisses. Crnft Club. 81ngo. Other adivrties induded Baby Clinic. BUM and Babies. Zumba and Slimming World. Readlng Area A reading area has teen set up and a small library prowsion established. Major Functions In 202>2024, we held five'ceremony wlh Reception. weddirys. There were IS privale fvndlOr in ttte period. F5nan¢5al rgvlgw To finanually support the organisation, the Inst51ute operates a Herbtage café, hosts conferences and meetings, wedding5, private and business parties and celebrations, and runs and ho$l$ commercial events. Charges are set lo Cover the operats.ng costs, 5 nSideratIon is given to reserves. Fees are, however, set al competitive rates and. lo Support affordabilty. discounts from stsndard Tates are provided to thè local ¢cffimunty and lrtal community organisatims. Reserve$ Pollcy The Trustees have sel a reserves policy *thich requires: ReseNes are maintained at a level vthich ensu thèl LIhillelh Mners Inslrtute Limited's core activity could continue during a period of unforeseen difficutty. A proporbon of reserves are maintained in a reath.ly realisable fn. The calculatson of the required ve1 of reserves is an nlegral part of ts organisatn.$ planning, budget and forecast cycle. It takes into account.. Risks associated wih eath stream of income arvj expendilure being drfferent from that budgeted. Planned adivity level. Organisalion's commitments. The appropriate level of reserves is cendY set al three months expenditure. This equates lo £60,000 8t urrent average expenditure level$. We have Flans that invdve increasing Ouf income level, and these plans should allow us lo maintain our reserve level$ at the target level going forward. Loans We beneffted during the pandemi¢ from hwng the reassurance of low inlerest k)an5 from KVA - repayable over 5 years- and a UK Government Bounce Back Loan- repayabk over 10 years. Business Development The business is planned lo develop in several way5 arKI can be summari58d as foll.. right control of ¢o$ls wll ensure that profftats'lty levels are maintained and combined with incrga$ed income, will alhxv reseThe$ to be maintained at tarw levels. Expand on successes and diversify services, focusing on areas that have a prov8n track record and with potential lo gTI)W. Work with dasses and groups lo ensure that they pAe sell-suffi¢ient by way of fvnding and income levels for continued participation. Review and act on processes to minimise iisk to the organisatson. Maintsin and improve service levels and inrxease training and devdopment intemalty. Expand partnership working. Review priung of rentsl agreements and other sep11S and act on findings. Continue to devels)p Directors and TnJstees.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 Marketlng Much woth has been undertaken lo build and ¢Jevelop the brand that is Llanhilleth Miners Inslrtule over the last years. when the shift to working digitally increased snIfican due lo the pandemic. The majority of marketing and promots'on is done digrtally ng various s¢)cial media platlorms, our websrte and third-paty platfomis and website$ le.g. Google My Buness} bLrt tradOnal form5 of markeb.ng are still used for promotion. Soclal media platromis continue lo grow wrth followers like5 continuing lo iruease and increased numbers of p051tive reviews. Work has been undertaken lo fvrther develop Our brand, the websrte, Indr¥idual Giving and Corporate Sponsorship as a new means of fvndrai%rffJ. Great stndes have been made in building our digital profile and we now have a firm foundakn.on on to fvrther develop our strategy and forward plan lo grow bland 'Llanhillelh Miners Instilule, LMI. Resepies At 31 January 2025 the ¢harty had unrestrKled reser¥es of £32.342 (2024.. £18.196} aThJ unspenl restricted reserves of £121,220 {2024'. £84.892). The charivs free reseThes were £32.342 at 31 January 2025. Total reserves were £153,56212024.. £103.088). Plans for FutUTe Periods aim lo budd on OUT past succee$ and encourage new relalionships with other organisalions. We plan for Llanhbllelh Miners Institute to become increasingly prominent as the key Communty Hub for the area, working wilh others in Community Engagement in general as well as in speufic projects. To support these ambrtions, the 1nsb.tute works in accordan the strategy set by the Board. Structure, govèrnin¢• and management Tom lthyatt MBE is Chaii of the Board of Direct$. The Board sel$ the organiWion's strategic and opwalional direction is responsible for the fLrture development of Ihe Institute. Regular Board meetings are held. Due to fundin9 constraints. the Institute was wthout a General Manager from 2012 until 2017. In the meantsme, the Institute was sustained by the loyalty and efforts of ils staff an(J volunteers supported by sorne very generous and timely extemal funding. As slated above, longer lemi artS a held th WCVA antj Barclays (Bounce 8ack Loan). Funding was obtained in 2017 to appoint a General Manager. bul regttably. due to funding conslrainls, we were unable to maintain the position of General Manager beyond the end of August 2019. and. since September 2019. the role has been fuffiiied by members of the Board. Staff have prov(ded their fuN support. To fulfil the strategic direction. the Board appointed a full time Community Engagement Manager and a fvll time Operations Manager repo.n9 directly to the Board. These roles are supported by a full th.me Project Coordinator and a part time Finance offir. They all remained in post during the repo"n9 year. Goveming document Llanhilleth Miners Institute is a Charitsble Cc4npany, Lnited by Guarantee, and the goveming documents were filed with Companie$ House on 18 January 2007. the date of Incorporation. Followng advi¢e from Wales C operative Cenlre. the Instilule amended Ihe 9oveming documents on the 20 Seplember 2012 al an Extraordinary General Meeting. The memberghip fee is a token payment of £1 per annum. New Board members shall be elected indi¥idualty at each Anr1 General Meeting by all members present. Risk Man•gement The Directors and Trustees have a compheVe risk register vknich is wulaty reviewed. 11 details the likelihood and impact of the risks that the organisalion co1 face.. the establishment of plans to mitigate those risks. assessing the net impact rating after mth9ation actions and Iden'n9 any further actions fequired.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 This work has identsfied thai fmanaal sus¢ainakM"lty is the masor risk Org1Sati. Good strategic planning, good financial planning and management allied to sound proie¢t manag8menl and Opts'misa0n of both inlemal reveruJe streams and external fvnding are key mth"gatuig faths. Focus is also placed on the non-finanual risk ansing from fire. health and safety of employees and Visitors as well as food safety and hygiene. IT Systems is $0 felt to te a key risk area Ihe management of this is out-sourced to a professional provider.
LLANHILLETH MINERS INSTITUTE LIMITED TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JANUARY2025 R•fvrenc¢ and Admlnbtrallve Infornmtlon ReglsteTed numbers Company number.. C6056945 Charity number.. 1128924 Directo & Trustees The directors of the charity are rts trustees. for the wpose of Charty law and throLMJhout this rewt they are collectivety relerTed to as trustees. Tom att MBE Jujian B051ey Laura Doel Philip Fiander Kerry Carter Jade Morgan Wayne Lewis ark Etchells Prlnclpal address and regl$lered office Llanhimeth Institute Llanhimeth Abertillery Blaenau Gwent NP13 2JT Indep•nd•nt examln•r Andrew Howells Azets ALKlil Serv8 Ty Derw Lime Tree Crt Cardiff Gate Business Park Cardiff CF23 8AB Solicitors GartSi¢Je$ Rother House 11 Neville Street Abergavenny Monmoulhshire NP7 SA4 Bankors Unity Trust Bank plc Nine Brindleyplace Binningham 812HB 8uslne$$ revlewe Wales Ct>operalive Centre GAVO Economic Development
LLANHILLETH MINERS INSTrruTE LIMITED TRUSTEES. REPORT ICONTINUEDXINCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 91 JANUARY2025 Twhy Tw8te8 -10-
LLANHILLETH MINERS INSTITUTE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANHILLETH MINERS INSTrruTE LIMITED I report to the Irustees on my exafflinat of finan11 statements of Uwthilleth Mwws Instit Limited (the charity) for the year ended 31 January 2025. RvponslbllltlM and b•sls of repgrt As the trustees of thè charity land also its directOTS for purposes of compa)y law), you are reSpontrAe for the preparation ol Ihe financial statements in accord Ihe requirements ofthe Comwies Act 20. Having satisfied myself that the finaal slalements of the dwity afe not rewired to be alited urthi Part 16 of the Companies Ad 2006 and are eligiL4e for independent examination. I report in respect of my examination of Ihe tharity's finanual stalements carried oui undèr section 145 of the CharitssAct 2011. In carying out my examination I havè fdlowed the Directions given by the Charity CommissKJn under seclion 14515)Ib} ol the ChafitiesAct 2011. Independent examlnerfs stthment Since the charity's gross income exceeded £250.000. the independent examiner musl be a member of a body listed in section 145 of the Charitie5 Act 2011. 1 confirm Ihat l am qudffied lo undertake the examinalion because l am o member of Institute ol CharteredAco)untants in Ennd and Wales. tiich is fft of the listed bodies. I have coMeted my examinat. I confimi that rKJ matlws have come io my attention In connectKJn with the examination giving me cause lo believe thal in any material speCI.. acwintsng records were not kept in respe¢i of the chanty as required by section 386 of thg Companw Act 2006. the finara ststements do not acwd with tlw records.. CY the finaTrrAal statements do rnt comth wilh the accounting requirements of seLon 3 of the Companies Act 2006 other than any requirement that the fin8nual statements grle a t and fail vw, which is not a matter considered as part of an irtyiendent examination". or the financial statements fave not been prepared in accordance with Ihe and prin¢¥ples of the statement of Recommended Prnclice for accounting and reKth'rs by chariiies applicable lo chanties preparing their finaroal Slalements in the Finncial ReportirKJ Standard ap1¢able in the UK and Republic of Ireland IFRS 1021. I have r concem5 and have com? across no other matters connerthn ilh the exarninab¢)n to whith 8ttenti¢)n should be dravm in this report in order to enable a woper urthrstandNvJ of the financi stslemenls to be reached. Andrew Howells Az•ts Audll S•rvk¢s Ty Derw Lime Tree Court Cardiff Gale Busine3s Park Cardiff South Glam¢ygan CF23 8AB Date.. 300atober21125 11
LLANHILLETH MINERS INSTITUTE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 Unr•stricttd Restricted funds funds 2025 2025 Tolal untrt¢d Re$trlct•d funds funds 2024 2024 Total 2025 2024 Notes Income ond endowments Irom: Donations and legacies Charitable activities Other trading activthes Other bncome 303 33.000 197.224 303 793,841 197.224 272 272 409,155 156.264 71 760,841 409.155 1S6,264 71 Total In¢om• 230.530 760.841 991.371 156,607 409,155 565,762 Exp?ndllur• on: Charitable ach¥ities 216,384 724.513 940,897 178,195 398,747 576,942 Total expendltur• 216.384 724.513 940,897 178.195 398.747 576.942 Net incomel{•xp•ndltur•) and movement In funds 14.146 36.328 50.474 (21.588) 10.408 111,180) Recon¢lllatk•n of funds: Fund balances at 1 February 2024 18.196 84.892 103.088 39,784 74.484 114,268 Fund balances at 31 January 2025 32.342 121.220 153,562 18,196 84,892 103.088 The stslemenl of financial actiwties inthdes all gains and losses rewnised in the year. All incoN* and expendilu derive from continuing activities. 12-
LLANHILLETH MINERS INSTITLTfE UMITED BALANCE SHEET AS AT31 JANUARY2tr25 2024 13 14 3.597 176,843 60.312 2.128 91,322 71177 Cash at bank aThJ 240.752 188.827 ¢v¢dllorn: amwnts du• TA#hln on• y•ar 16 (54.8 (22,534) 185,916 144,093 Cmdltorn: f•llng du• •ft•r mov• than on• y•ar 17 P2,354) (41.005> 153.562 103.088 The fund8 olthe chArtty 121220 84.892 18.196 153,Wk 103,088 201%. forthe 1rendj 31 to the small Compan regim 2q.l•.Z% Thiileo C(¥npany reglJallon rnwnberlKOSI5 (Er4kn1 V8) -13-
LLANHILLETH MINERS INSTITUTE LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Noles Cash flows from operatlng actlvltles Cash absorbed by operation$ (4,2141 (60.8181 Net ¢a$h gener•l¢d from In¥¢stlng acllvltl•s Flnan¢lng a¢llvltl¢s Repayment of bo07n98 18.651) {8.6501 Net ¢ash used In financlng actlvltles (8,6511 {8.650} Net decrease In cash and cash equlvalents 112.8651 (69.468} Cash arKI cash ewivalents at beginning of y& 73,177 142.645 Cash and cash tqulv•lents at end of ye•r 60,312 73,177 14-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 A¢¢ountlDg policies Charity inl¢miatlon Llanhilleth Miners Instilulè Limited is a compwhy lirnrted by guwantee vhose registered officè is Llanhilleth Institute, Llanhilleth, Abertillery, GVnt, NP13 2JT. The guaranlofs are the tru51ees as set OLrt on page 8. Thè liability is limrted lo an amount of £1 per member in accordance ¥h the ¢ompany'$ Memorandum ol Associats"on. 1.1 A¢¢ounllng ¢omiention The finanual slatements have been wepwed in &cordance wrth the chanty's goveming d¢xument. the Companies Act 2006 and "Accounting and Reportin9 by Charilie5'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) {effeclive 1 January 20191. The chority is a Public Benefit Entty as defined by FRS 102. The finanaal statements are prepared in sterling. which is the frjnctional currency of the tharity. Monetary amounts in these finanaal stslements a rounded to tr nearest £. The financial statements have been prepa under histLYul cost convention. The principal a¢eounling policies adople¢J are set out below. 1.2 Going ¢on¢¢rn At the time of appfoving the ffinanci statements. the tnjstees have a reasonable expecL*ion Ihat the charity has adequate fesour¢es lo continLre in yrational existence for the fofeseeable futu. Thus the tnjslees contsnue lo adopt the 90ing concern basis of accoting in preparing the financial statements. 1.3 Charitable Unreslricted funds are avwlable ftw use al the dixretion of Ihe trustees in furtherance of Ihgir charitable objectives. Re$lrieted fvnds are subject to sperjfic conditions ty don¢ys or grantors as lo how they may be used. The purposes and uses of Ihe restricted funds are set ¢wt in Ihe notes to the financial slatements. 1.4 Income Income is recognised when Ihe charity is legally enlitled to it after any performance conditions have been met, thè amounls can be measured reliably. and rt is probable that intA)me will be received. Cash donations are recognised on receipt. Other donali¢)ns are recogniseil once the charity has been notsfied of the donation, unless performance conditions require deferTal of the amount. Income lax reverable in relation to donations receNed under GiftAid or deeds of covenant is recognised al the time of the donation. 15-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Accountlng pollcles {Continued) Bar. cafè and calering Sales are recognised on receipt. Income from grants is induded in irming resowces when these a receivable. except as foll¢)ws'. donors spe)fy thèt gran¢s musl be used in futu accounkn.ng penods, the inccthe is deferre(I until those periods. Vthen dor impose eonditsons V4hich have been fvlfilled before the Charty beMe$ entitled lo use such income, the income is deferred and rh)t included in incoming resources the pre• ciThlition8 for use have been met. Tumover is measured al Ihe fair value of the Consideration received or receivable and preSentS amounls receivable for goods and services prow¢Jed in the normal course of business, of discc4Jnts. VAT and other sales related laxes. Le8se income is re¢ognise(J wfften the d"ty beeomes legalty enliued lo InC¢e. Inme from wedding$ is recogntsed in Ihe peiiod lo it relates lo, Ylith IrMe being deferred in to Ihe next financial year as necessary. 1.5 Expenditure Expenditure is recognised once there is a Eegal or constnKtive olgatIon to make a payment to a third party, it is probable that settlement be required and the amount of the obligation can be measured ieliably. Expenditure on charitable adivitses includes all costs relating to the fvrtherance of the chantys obieclives as slated in the Iru$tees report and their a$Slated supwi costs. Governance costs comprise aN cos15 in¥th"n9 Wtdic accounLibilrty of the tharity and its compliance regulats.on and good pfacttce. There has been offsetting of assets and liatiilities. or income aThl expenses. 1.6 Tanglble Ilxed assets Tangible fixed assets are initially measLre(l al cosl and subsequenlly measured at cost or valuation, nel of depreciation and any irnpairment losses. Dewe¢ialion is recognised so as to V•Yite off the cost or valuation of assets less their residual values over their useful lives on the following bases" Plant and eqpment 20% and 33% Strah1 line The gain or loss arising on the disposal of an asset 1$ detemiined as the difference between the sale proceeds and the carying value ol the asset, and is recognised in the slalement of financial activities. 1.7 Stocks Stocks are stated at the lowef of cosl and estimated selling price less costs lo complete and sell. Cost compfises direct materials arKI, where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held lor distribution al no or nominal considerth.on a measured the lower of replacement cost and 51. Net realisable value is Ihe eslimaled selling pnee less au eth"mated costs of compleb.on costs lo be incuffed in marketing. selling and distftbuts"on. 16-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Accountlng pollcl Icontlnuedl 1.8 Cash and Cash equlval•nts Cash and cash equiv41ents inctude Cash fft hand. deposits held at call with banks, other short-lerm liquid investments wrth onginal mattjrikn.es of months or less, and bank overdrafts. Bank overdfafts are shobvn within borri)wngs in current liabililies. 1.9 Financial instrnments The ¢harty has elected to apply the provisons of Section 11 'Basic Finanoal Instruments, and Section 12 'other Financial Instwments Issues. of FRS 102 to all of its financial instnjments. Financial instruments are cOgnised in the tharty's balanee sheet when the charity becomes party to the contractual provisions of the instrumenl. Finan¢iaf assets and liabilitie5 are offset, with the net amounts presented in the financial slalemenl$. when there is a legally enfOrCeae ri9hl to set off Ihe recognised amount5 and there t5 an intention lo settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial •s$ets Basic financial assets. whith inchjde debtors arKI cash and bank balances, are initially measured at transaction price inclLKling transath'on cost$ and are subsequently caTed at amorb.sed cost using the effective intere51 method unless the arrangement constrtutes a financing Iransath"on. %there the transaction is measured al the sent value ol the future receip1$ discounted at a market rale of interest. Financial a$sets dassified as rKeivable wthin one year are not arnrytised. Dere¢ognillon of Ilnanclal assets Financial assets are derecognised only wthen the contra¢tua5 rights lo the cash flows from the asset expire or a setued, or when the charity transfers the fina101 asset and substantially all the risks and WardS of ownership lo another entty. or rf some gnfficant risks and rewards of ownership are retained bLrt control of the asset has transferred to another party that is to sell Ihe asset in its entirety to an unrelated third party. Basi¢ financial liabilities Basic financial Itabilities. IludIng creditors and bank loans are inf(ially recognised at Iransadion price unless the arrangement Constitutes a finanung Iransxtion. Whe the debt inslrument is measured al the present value of the future paymenls discounted at a market rate of interest. Financtal liabilrties cLassified as payable within one yèar are not amts"$ed. Debt instruments afe subsequently carried al amorb.sed cost. us¢ng the effective interest rate method. Trade edors are obligations lo pay for goods or ser¥ices that have been acquired in the ordinary course of operations from suppliers. Amounls payable are dassffied as ajrrent liabilities if payment is due within one year or less. If not. they are presented as non-currenl liabilits"es. Trade credrtors are recognised initially at transaction price and subsequently meaSUd at amortised cost ung the effectwe inlefest method. Derecognitlon of financlal liabilities Financial liabilities are defe9rSed ¥hen the drity's contractual obligations expire or are disdwged or cancelled. 1.10 Taxatlon As a registered ch¥ity. Llanhilleth Miners Institute Limited is entitled to Ihe exempb.on from laxalion in respect of InMe and capital gains recerved ¥th sections 478489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied to rts charitable objects purposes only. 17-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATElaENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Accounllng poll¢les (Contlnuedl 1.11 Employee benellts The ¢ost of any unused holiday enlrtlemenl is recognised in the period in wtiich the empknyee's services are received. Termination tenefils are recc43nised ¥nmedialeFy as an expense when the chwity is demonstrably committed lo teminale the employment of an emph)yee or lo lemiinakn.on benefits. 1.12 Retirement benefts Payments to defined conlribution retwent benefit scttnes are charged as an expense as tlw fall due. 1.13 Company status The charity 1$ a company limited by guarantee. The members of the company are the Board of Management named on page 8. In the event of the charty being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the chanty. Crltlcal accounting estimates nd ludgements In the application of Ihe charitys accounting policies. the Inlslees are quIred lo make judgements, eslimales and assumplions about the carrying amount of assets and liabilthes Ihal are not readily apparent from other sources. The eslimales and asstiuated assumptions are based on historical experience aTrJ other factors ll)al are considered lo be relevant. Actual Tesults may drffer from these estimates. The eslim8les and undetying assumpb'ons are reviewed on an ongoing basis. Revisions to accounting estimates are re¢ognised in the period in which the estimate is revised wl)ere the revision affe¢t$ only that penod, cy in the period of the revision and future periods vknere the revision affects both Current and future periods. Income from donations and l•gaci•s Unrestrlded unrtrIcted funds funds 2025 2024 Donations and gifts 303 272 18-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Charllabh activities 2025 2024 Grants 793.841 409,155 Analysis by fund Unrestricted funds ReStrted lunds 33.000 760,841 409,155 793.841 409,155 Grants Tudor Trust Communty Council ofAbertilery & Llahilleth Cb Uan WCVA- Volunteering GAVO BGCBC- wa Hub Grant BGCBC - Food Dislribulion BGCBC HoUSthd Support Fund WEFO RDP Hive Projeet The Nional Lottery Awards forAII- Children'$Activitses Asda Foundation- Slow Cooker Pilot Loneliness & Social Isolation Fund Llanhilleth Flood Relf Donations CADW- Infrastructure projects UKSPF People & Skills via BGCBC UKSPF Muhiply w8 BGCBC UKSPF Communities & Place BGCBC The National Lottery Brighter Future5 Henry Smith Foundati¢)n Tai Calon Meal Kil Pilot- Ck Fresh BGCBC Holik1ay Hunger Communilies Foundation Wales and Prin¢ipalty Cooking Other BGCBC- Instilule Infrastructure Building Communities Trust- Ccrfnmunity Adion Development Program 33,000 1.937 30,000 955 27,736 3,334 2,000 6,000 1,933 70,045 10,000 10,000 1,250 2,809 4,950 109.505 28,182 640 60.300 25,000 7,500 2.000 10,000 350 14.000 20,050 188,156 151,704 120,955 120,793 $0,004 20,000 57,500 793,841 409,155 19-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Income from othèr tradlng actlvlties Vnrestrfcted Unrnstrlctgd funds fund$ 2025 2024 LunOn dub Bar sales Cafe, catering and Christrnas party income Lease income Classe5, room and eeftt hire Wedding income rickel and raffle income 5.000 49.877 50.007 17.000 19.232 27.219 28.889 3.922 41.758 42,474 19,000 18,349 18,153 14,608 Other charitable tIVitieS 197.224 156,264 Other Income Urbrestrlcted Unrestricted fund$ fund$ 2025 2024 Other income 71
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Expendl¢ur• on charitable activiti•s 2025 2024 Direct costs Slaff costs Cafe & bar stock consumed and fftdding extras Consumables Artist fees and disco Dired project sts Rates Insurance Light and heal Cleaning. repairs and maintenance Advertising. telephone. printing. postage and slth"onery support Hire of equipment Travel. transport and general expenses Legal & professional Vdunleer expenses Other charitable expendrtwe 448.887 57,555 13.841 15.504 272,989 3,197 12.027 58.045 16.647 6.456 11.322 186 15.961 4.786 11081 333,815 57,977 1,715 12.617 68,527 3,045 10,514 28,956 20.398 7.050 14.175 869 7.816 5.898 122 200 937,297 573,692 Share of support and govemance costs ($ee note 81 Governance 3,600 3,250 940,897 576,942 Analy$ls by fund Unrestricted funds RestrKted funds 216,384 724.513 176.195 398.747 940,897 576,942 Support costs allocated to actlvllles 2025 2024 Governance costs 3,600 3.250 Analys between: Independent Examination Fees 3,600 3,250 -21-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Employees Numb•r of *mployees The average monthly number of employees during the year was.. 2025 Numb•r 2024 Number 31 24 Employment costs 2026 2024 es and salaries Socill secunty costs Olhef pension costs 412.342 26,42S 10.120 309,333 17,293 7,189 448.887 333,815 Kgy management personnel The key managernenl personnel of the charty receNed remuneration {consisting of gross salary. employers national insurance and employers pensiM contritxrtions) totalliThJ È116.695 {2024". £119,358). 10 Trustees No trustee recerved remuneration the (Jxrent or prewous year in Iheir capa¢ity as trustee. No expenses have been pad to the trustees during the cuwent or previous ye&. 11 TaXaon As a registered ¢harity, Llanhilleth Miners Institute Limrted is entitled lo the exemption from laxation in respect of income and capital gains receNed sections 478489 01 the corporab.on Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the exlent that these are applied lo tts ¢haritable objects purposes only.
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 12 Tangible flx¢d assets Hantand 8qulpm•nt Cost Al 1 February 2024 147.525 At 31 January 2025 147.525 Depre¢lallon and Impalmwnt Al 1 February 2024 147,525 Al 31 January 2025 147,535 Carrylng amount Al 31 January 2025 At 31 January 2024 13 Slocks 2025 2024 Finished goods and goods for resale 3,597 2,128 14 Debtors 2025 2024 Amounts falllng due wtthln one year. Trade debtors Other debtors 174.851 1,992 9.330 1,992 176.843 91,322 15 Loans and overdrafts 2025 2024 Other loans 41.003 49,654 Payable within one year Payable after one year 8,649 32.354 8.649 41.005 -23-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 16 Cr•ditors: amounts falllng due within one year 2025 2024 Not•s Borrowrys Other laxalion and socia security Deferred InMe other crediloTS Accruals 8,649 10,207 7.744 16.563 11.673 8.649 18 6,418 2,374 5.093 54.836 22.$34 17 Cr•ditors: amounts falling due after more than one year 2026 2024 Borrowrys 32.354 41.005 18 Deferred Income 2025 2024 other deferred income 7.744 6.418 7,744 6.418 Deferred incorm 1$ included in the financial statements as bllty4VS". 2025 2024 Balance brought fornard Income received Income released 6.418 40.465 {39.139 7.802 46,484 {47.856> Balance carried fopw*d 7.744 6,418 Deferred income relates lo wedding and other deposrts recerved in advance of the event taking place. 19 Retirement benefii heMeS 2025 2024 Defin•d contrilwtion schemes Charge to profit or loss in respect of defined conth'bulion xhemes 10,120 7,189 -24-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 19 Retlrement benefft schemes {Contlnuedl The charity operates a defined contribulion pension stheme for all qualifying employees. The assets of the scheme are held separately from those of the chanty in an independently administered fund. -25-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Restricted funds The reslri¢ted fvnds of the charity comprise the expended baknces of ¢A)naliMs grants held on tru$1 subject to E be used. Movem•nl In lund$ 8alance at Incomlng R•$ourG•5 1 Febwary resourus exnded 2023 People's Poslcode Trust WCVA. Volunteers Tudor Trust The National LotteryAwards forAJI 8GC8C Household Support Fund Loneliness & Scoal IsL4ation Fund Comic Relief Garfield Weston 8GCBC Wami Hub WEFO ROP Hive Prciect Tai Calon- Sensory SeSOn5 BGCBC Food Distribution Abertilery & Llanhilleth Community CounrAI Awards forAII Slow Cooker Club Communities Foundalhjn Wales and Prinapaity Cooking on a Budget Llanhilleth Flood Relief Donation UKSPF P*e & Skills via BGCBC UKSPF Muhiply via BGCBC UKSPF Communitie$ & Place via BGCBC The National Lottery Brighter Futwes Henry Smith Foundati¢)n Tai Calon Meal Kit Pilot- Cook Fresh 8GC8C Holiday Hungef The National LotteryAwards forAI Childrens Actniities Tudor Trust Other 13,817 16571 {27.7361 12.0001 13,1251 11.933} 11,535) {15.907} {30,000} (10.000} 170,0451 12.1001 12,0001 {4501 17,4041 12,1911 (1,8981 1109.5051 128.1821 1640) 119.6151 125.O¢JO) 27,736 2.000 3,125 1.933 1,250 1.535 1 S,907 30.000 5.000 s,000 70,045 2.100 1.000 1,000 955 10.000 10.000 2.809 109,505 28.182 60,300 25,000 7,500 2,000 10.000 30,000 350 11,5241 130,0001 13501 -26-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 20 Rostrlcled fvnds GAVO Cash 4U Funding BGCBC - Institute Infrastwclure Building Communities Trust 74.484 404.205 1393.7971 -27-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 20 Restrlcted funds Peopk's Postcode Trust fvnds were given for a adabilty IKoiect. WCVA- Volunteers vme fvnds for volunteerirwj. Tudor Trnsl were fuThJs for Speofic ovetheads. Tho Swir• Charitable Trust funds were gNen for a c1mj and youlh development programme. Participatory Budgetary Grant funds were given for a Youlh Enrithment Project. UK Communlty R•newal funds were given twards a project foi the Community Food Hub. Readability and Volunleerii WG Food Povèrty Grnnt- Food Hub tre funds for a V4ann Hub Clolhworkers Foundallon funds were o or-Off capital grant gwen for the krtchen refurbishment. The National Lottery Awards for All V4tre funds for KKts Hdiday Acte¥ Western Powerwere fvnds for HolaY Hunger. ASDA were funds for a Slow Cooker pih)t F>roiect. BGCBC were fimds for Ihe Household Sup1 Fund. Loneliness & Soclal Isolation Fund were funds for Lunch cl Entertainment. Comlc R1•f were funds for a Cost of Ir4ing projecl supwrting Youlh Famity Cookery. G•rfi•ld Weston were fvnds for Core Costs.
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 20 R¢$trlc¢ed lund$ BGCBC were fd$ for the Warm Hub. ABUHB were fvThJs for the Food Access Inibatives. BGCBC were funds for the Summer of Fun prctyect WEFO RDP were funds for the Hive Proiecl. Tal Calon funds were for sensory Sessi$. BGCBC funds were lor Food Distributs"on. Abertilery & Llanhilleth Community Cou11 wre lo oldw people socialise and engage with eacholher. Awards for All were funds for the sk Cooker CIL+ Communities Foundation Wal•s and Prin¢ipallty were fvnds relth.ro to Cooking on a Budget Llanhllleth Flood Rellef Donatlon V•tie funds to S the Institute ecthmunity 8Ctiviiies UKSPF People & Skllb ¥Te funtjs f0r.Readabil (adult lilera¢yl. VolunteerTrng. and the many Food Hub projects. UKSPF Multlply vla BGBC were [LdS for our'Numbercsunth' numeraw project. UKSPF Communltles & Place vl 8GC8C We funds for our'Llanscw' community facilities accessibility and improvt The Natlonal Lottery were fvnds fty the Bryhler Futures prwL H¢nry Smith Foundatlon via BGCBC were lurKls for general overheads. Tai Calon were funds kn the Meal Krt Pilol- Cook Fresh -29-
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 20 Restrlcted funds BGCBC were funds f*y the Holiday Hunger project. Th• N•lional Lott•ry Awards for All were funds for Khds Hc4iday Activities. Other relates to fuTrJs received from the Friends of LIanhIlt Miners Institute and Llanhlleth Photography Club for sumr GAVO Cash 4U Fundlng was for Youth Volunteer Ci)mmunty activities BGC8C was funthng for Inslituie Infrastructure Building Communlt5es Trust- Communlty Acllon Development Progr4mme was funding for the suslainabilty of the
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and 918nts %thich are t subject lo spe¢ffj¢ conditions by d¢)nors and grantors as to how they may be u$ed. These indude designated funds which have been sel aside (rt of ufftstricled lunds by the trustee5 for specific purposes. At 1 February 2024 Incomlng resouS Resour¢gs At 31 January expended 2025 General funds 18,196 230,S30 1216.3841 32,342 PTgvlou$ y•ar- At 1 February 2023 Incomln9 resources Resources At 31 January •xpended 2024 General funds 39,784 156,607 {178.195) 18,196 22 Analysls of net a$s•ts betwmn funds Unrestrl¢ted Restrlcted funds fund$ 2026 2026 Total 2025 At 31 January 2025: Current assetsl{liabdrtiesl Long tem liabilrts 64.696 {32.3541 121.220 185,916 132.354) 32,342 121,220 153,562 UThvestrlct•d funds 2024 Restricled funds 2024 Total 2024 At 31 January 2024: Current asselsllliabilrties) Long term liat#lils 59,201 (41.0051 84.892 144,093 {41.0051 16,196 84,892 103.088 23 Related party transa¢tlons the year. no trustees weffj reimbursed for traveling expenses {2024". £nil). No Iruslees i)voiced the ¢hanty for thwr services duriTh4 the year 12024.. £rill. The were no amounts outstanding al the CU1 or prior year end. 31
LLANHILLETH MINERS INSTITUTE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY2025 24 Cash absorbed by operntions 2025 2024 Surpluslldeficitl for the year 50,474 {11.1801 Movements in Mbrking capital: Ilncreaselldeerease in stocks Iln¢rea$el in debtors Increasel{decrease) in uedit¢XS Inueaselldecrease) in deferred in¢tyne 11,4691 185,5211 30.976 1,326 430 (45,7611 14,295) 112) Cash absorbed by operatlons 14,214) 160,818) -32-